Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

monthly pay to weekly - pay now lower

  • 01-07-2016 8:27pm
    #1
    cmhoshea2002
    Registered Users, Registered Users 2 Posts: 13 ✭


    Hi all, I recently moved from getting paid monthly to weekly however I am now coming out with less. I was getting 1920 monthly and now only getting 420. Could anyone tell me why this is. I checked with salary and they said it's right but doesn't make sense to me

    Any advice would be great


Comments

  • #2
    chickenlicken2
    Registered Users, Registered Users 2 Posts: 171 ✭✭chickenlicken2


    What's the gross pay?

    Does monthly gross ×12 = weekly gross x 52

    If not just ask your payroll dept to clarify how they are calculating the weekly rate?

    Did you get paid monthly in June and also weekly in June?


  • #3
    cmhoshea2002
    Registered Users, Registered Users 2 Posts: 13 ✭cmhoshea2002


    Hiya thanks for replying. It changed over mid month. Also said not being emergency tax


  • #4
    chickenlicken2
    Registered Users, Registered Users 2 Posts: 171 ✭✭chickenlicken2


    So your gross pay weekly times 52 equals your annual salary?

    Your net pay should even out in July.

    It's kind of hard to explain without calculations. Basically you got paid for a month in tax period 6 (June). This payment would have used your tax credits for June and your lower bands for USC.

    When you got a weekly pay in June you probably got paid in tax period 25 or 26.

    Since you say you weren't on an emergency basis I presume you were on a normal (cumulative ) basis. Up to your final payment you had half of your annual tax credits tax bands and USC bands available and utilised (month 6 of 12).

    Moving to weekly pay in any tax period less that week 27 means that as you've already used up half the year (6/12 or 26/52) then you will be paying more tax and USC in the periods until you reach Tax week 27 when your credits roll in again. It's hard to explain this in simple terms)

    So the weekly payment you received probably didn't have any tax credits to go against it so you would have paid PAYE at 20% (judging by the amounts i would assume you dont pay tax at the marginal rate) and you would have paid the highest rate of USC on this as well.

    When you get to tax week 27 your pay should regulate.


  • #5
    allthedoyles
    Registered Users, Registered Users 2 Posts: 6,893 ✭✭✭allthedoyles


    If it doesn't regulate you only need 4 documents to check against each other :
    1. payslip prior to change
    2. tax credit cert prior to change
    3. payslip after change
    4. tax credit cert after change
    No.2 and No.4 should have identical figures and No.1 and No.3 should have same figures as appear on No.2 and No.4 .


    If your gross pay before and after are identical and above are identical then net pay before and after should be identical too.



    Are you sure you were been paid monthly rather than every 4 weeks


Advertisement